Jackson Financial Inc. (NYSE:JXN) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Jackson Financial Inc. (NYSE:JXNGet Free Report) has received an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $133.80.

Several analysts recently commented on the company. Wall Street Zen lowered Jackson Financial from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Keefe, Bruyette & Woods increased their target price on Jackson Financial from $130.00 to $140.00 and gave the company a “market perform” rating in a report on Wednesday. Barclays raised their target price on Jackson Financial from $139.00 to $149.00 and gave the stock an “overweight” rating in a research report on Tuesday. Evercore set a $135.00 price target on Jackson Financial in a research note on Wednesday. Finally, Jefferies Financial Group raised shares of Jackson Financial from a “hold” rating to a “buy” rating and upped their price target for the company from $120.00 to $140.00 in a research report on Friday, July 10th.

Check Out Our Latest Report on JXN

Insider Buying and Selling

In other Jackson Financial news, EVP Carrie Chelko sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $134.24, for a total transaction of $1,006,800.00. Following the completion of the sale, the executive vice president directly owned 80,914 shares of the company’s stock, valued at approximately $10,861,895.36. This represents a 8.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Jackson Financial

A number of hedge funds have recently modified their holdings of JXN. Dimensional Fund Advisors LP raised its holdings in Jackson Financial by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,060,350 shares of the company’s stock worth $429,240,000 after purchasing an additional 18,740 shares during the period. Hsbc Holdings PLC grew its holdings in Jackson Financial by 16.5% during the fourth quarter. Hsbc Holdings PLC now owns 1,550,942 shares of the company’s stock valued at $166,476,000 after purchasing an additional 220,095 shares during the period. Norges Bank bought a new stake in Jackson Financial during the fourth quarter valued at about $129,878,000. Morgan Stanley increased its position in Jackson Financial by 6.0% in the fourth quarter. Morgan Stanley now owns 1,196,405 shares of the company’s stock worth $127,597,000 after buying an additional 67,796 shares in the last quarter. Finally, Federated Hermes Inc. increased its position in Jackson Financial by 14.8% in the fourth quarter. Federated Hermes Inc. now owns 981,046 shares of the company’s stock worth $104,629,000 after buying an additional 126,611 shares in the last quarter. Institutional investors own 89.96% of the company’s stock.

Jackson Financial Trading Down 0.9%

Shares of JXN stock opened at $133.30 on Friday. Jackson Financial has a 12-month low of $88.20 and a 12-month high of $137.99. The company has a current ratio of 0.26, a quick ratio of 0.27 and a debt-to-equity ratio of 0.53. The firm’s 50 day moving average is $113.74 and its 200 day moving average is $111.51. The stock has a market capitalization of $9.30 billion, a P/E ratio of 187.75 and a beta of 1.30.

Jackson Financial (NYSE:JXNGet Free Report) last announced its earnings results on Monday, August 3rd. The company reported $7.30 earnings per share for the quarter, beating analysts’ consensus estimates of $5.72 by $1.58. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $1.91 billion. Jackson Financial had a net margin of 1.59% and a return on equity of 18.93%.

Jackson Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Tuesday, September 15th will be given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.7%. The ex-dividend date is Tuesday, September 15th. Jackson Financial’s payout ratio is 507.04%.

Jackson Financial Company Profile

(Get Free Report)

Jackson Financial Inc is a U.S.-based financial services holding company headquartered in Lansing, Michigan. The company operates primarily through its principal subsidiary, Jackson National Life Insurance Company, and specializes in designing and distributing retirement products. Jackson Financial has been publicly traded on the New York Stock Exchange under the ticker JXN since its initial public offering in May 2022.

The company’s core offerings include a broad range of fixed, variable and indexed annuity products aimed at helping individuals preserve and grow retirement assets.

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Analyst Recommendations for Jackson Financial (NYSE:JXN)

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